RBI to soon issue final guidelines on MDR charges

Thursday, April 6, 2017, 5:51 PM

Aimed at encouraging digital transactions, the Reserve Bank today said it will soon come out with final guidelines on MDR charges on debit card payments. As per the existing guidelines, the MDR for debit card payments, including for payments made to the government, is capped at 0.25% for transactions up to Rs 1,000 and 0.5% between Rs 1,000-2,000.